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Genesis takes majority stake in ChargeNet for $64m

Deal will help accelerate EV charging infrastructure expansion in New Zealand.

ChargeNet chief executive Danusia Wypych.

Energy company Genesis is taking a majority shareholding in EV infrastructure provider ChargeNet for $64 million.

As part of the agreement, Genesis will acquire 65% in the company, which included a “significant investment” in the charging infrastructure business to fund its near-term growth.

To

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Jonathan Mitchell Wed, 02 Oct 2024
Contact the Writer: jmitchell@nbr.co.nz
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Genesis takes majority stake in ChargeNet for $64m
Investment,
106099
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